Virgo Global Limited has reshaped its senior management structure by appointing Payal Jain as Chief Financial Officer (CFO) and Whole Time Director, effective August 3, 2026. The Board of Directors also appointed Manish Kumar Jain as an Additional Independent Director on the same date. These moves follow the resignations of two independent directors, Ms. Payal Jain and Mr. Prabhaker Reddy Aedla, which took effect on July 16, 2026.

The appointments were approved at a Board meeting held in Hyderabad on August 3, 2026. The company disclosed the changes under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation regarding the resignation of the independent directors was previously filed with the stock exchange on July 16, 2026.

Payal Jain’s appointment marks a dual role expansion. She was designated as an Additional Director designed as Whole Time Director for a period of five years commencing from August 3, 2026. Simultaneously, she assumed the role of CFO effective the same date. Her terms as Whole Time Director are subject to conditions decided by the Board, while her CFO appointment terms were mutually decided by Ms. Jain and the Board of Directors.

Manish Kumar Jain was appointed as an Additional Director (Independent) under Section 161 of the Companies Act, 2013, with an appointment date of August 3, 2026. The Board noted his background in business management and expertise in taxation, IT laws, and SEBI regulations.

Key Appointments

The following table summarises the key leadership changes approved at the Board meeting:

Executive Profiles

Payal Jain is described as a professional in finance and management with diverse experience in corporate planning, business strategy, and general management. Her profile highlights expertise in financial management, budgeting, regulatory compliance, internal controls, and corporate governance. She holds DIN 11395745 and is not related to any other Directors of the Company. The disclosure confirms she is not debarred from holding the office of Director by virtue of any SEBI order or other authority, as required under BSE circular no. LIST/COMP/14/201819 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018.

Manish Kumar Jain is a graduate in business management with knowledge in taxation, IT laws, and laws governing Indian companies and SEBI acts. He possesses strong communication and analytical skills. Like Ms. Jain, he is not related to any Director or Key Managerial Personnel of the Company.

Virgo Global Limited accepted the resignations of Ms. Payal Jain and Mr. Prabhaker Reddy Aedla as Independent Directors effective from the close of business hours on July 16, 2026. The resignations were submitted due to pre-occupation and personal commitments, as disclosed in a regulatory filing. The company confirmed that both directors provided detailed reasons and confirmed the absence of other material factors for their departure.

The intimation was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure included the specific reasons for the cessation of their roles and confirmation that no other material reasons existed beyond those stated in their resignation letters.

Ms. Payal Jain cited pre-occupation and other personal commitments as the reasons for her resignation. Mr. Prabhaker Reddy Aedla also cited pre-occupation as the primary reason for stepping down. Both individuals submitted their resignation letters dated July 15, 2026, to the Board of Directors.

The following table summarizes the details of the resignations:

The resignations were formally acknowledged by Rajesh Gandhi, Director of Virgo Global Limited, on behalf of the company. The filing confirmed that the necessary disclosures pursuant to Regulation 30 and Para A(7B) of Part A of Schedule III of SEBI Listing Regulations, 2015, have been enclosed.